William & Flora Hewlett Foundation
- Assets
- $11.0b
- Revenue
- $782.8m
- Investments
- $10.8b
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- 03/1968
- Data as of
- 12/2019
- EIN
- 94-1655673
Organization Overview
William & Flora Hewlett Foundation is located in Menlo Park, CA. The organization was established in 1968. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, William & Flora Hewlett Foundation generated $782.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $531.3m during the year ending 12/2019. While expenses have increased by 2.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, William & Flora Hewlett Foundation has awarded 12,311 individual grants totaling $3,710,298,272. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE PAGES 19-20 (SUMMARY OF ALL DIRECT CHARITABLE ACTIVITIES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Marshall VP & Chief Investment Officer | 40 | $3,166,321 | |
Christy Richardson Dir, Private Invsmnt | 40 | $1,797,250 | |
Brett Johnson Dir, Public Invsmnt | 40 | $1,545,228 | |
Luis Laboy Dir, Public Equity | 40 | $1,289,088 | |
Larry Kramer President | 40 | $888,623 | |
Thomas Mieczkowski Assoc Dir, Invesmnts | 40 | $538,150 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bellwether Education Partners Inc | 12/30/19 | $400,000 |
Slalom Llc | 12/30/19 | $2,811,039 |
Redstone Strategy Group Llc | 12/30/19 | $873,000 |
Bny Mellon | 12/30/19 | $874,141 |
Aspen Institute Inc | 12/30/19 | $495,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,246 |
| Dividends & Interest | $52,739,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $664,987,070 |
| Capital Gain Net Income | $630,793,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,100,630 |
| Total Revenue | $782,846,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,492,184 |
| Other employee salaries and wages | $23,644,165 |
| Pension plans, employee benefits | $8,616,810 |
| Interest | $58,878 |
| Taxes | $12,386,162 |
| Depreciation | $1,036,593 |
| Occupancy | $644,616 |
| Travel, conferences, and meetings | $4,790,356 |
| Printing and publications | $1,336 |
| Other expenses | $3,755,205 |
| Total operating and administrative expenses | $74,865,793 |
| Contributions, gifts, grants paid | $456,452,459 |
| Total expenses and disbursements | $531,318,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $94,278,634 |
| Net Accounts receivable | $5,468,700 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,478,793 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,103,829,331 |
| Net Land, buildings, and equipment | $23,489,809 |
| Other assets | $35,478,169 |
| Total assets | $10,961,138,137 |
| Accounts payable and accrued expenses | $13,174,071 |
| Grants payable | $255,314,884 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $52,507,007 |
| Total liabilities | $320,995,962 |
Grants Awarded
Over the last fiscal year, William & Flora Hewlett Foundation has awarded $610,101,036 in support to 2,295 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: FOR ENERGY FOUNDATION US PROGRAM SUPPORT | $17,000,000 |
San Francisco, CA PURPOSE: FOR ENERGY FOUNDATION CHINA | $8,260,000 |
San Francisco, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $7,500,000 |
Washington, DC PURPOSE: FOR THE WOMEN AND CLIMATE FUND | $6,500,000 |
San Francisco, CA PURPOSE: FOR ENERGY FOUNDATION CHINA | $6,000,000 |
Washington, DC PURPOSE: FOR THE WOMEN AND CLIMATE FUND | $5,550,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that William & Flora Hewlett Foundation has recieved totaling $64,019.
| Awarding Organization | Amount |
|---|---|
West Contra Costa Public Education Fund Point Richmond, CA | | $64,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William & Flora Hewlett Foundation Menlo Park, CA | $10,961,138,137 | $782,846,468 |
The California Wellness Foundation Los Angeles, CA | $1,019,755,165 | $50,496,420 |
Ford Family Foundation Roseburg, OR | $968,675,925 | $30,615,331 |
Meyer Memorial Trust Portland, OR | $740,042,961 | $92,282,031 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $99,390,789 | $10,905,334 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $10,569,953 | $10,116,470 |
Colburn Music Fund Los Angeles, CA | $0 | $1,827,507 |
Herbalife Nutrtion Foundation Los Angeles, CA | $12,904,700 | $4,767,159 |
Kla-Tencor Foundation Milpitas, CA | $27,951,327 | $8,476,259 |
Frederick Gardner Cottrell Foundation Tucson, AZ | $51,564,715 | $11,154,134 |
Walter J & Betty C Zable Foundation San Diego, CA | $0 | $3,783,752 |
Harman Family Foundation Los Angeles, CA | $38,212,766 | $3,645,376 |